Tailor arbitration to your needs
Plan in advance
The decision to use ICC arbitration should be made long before there is any hint of a dispute, preferably when the parties are still negotiating terms of a contract. You are advised to use the following standard clause, subject to adjustment to fit national law and the special needs of the deal:
"All disputes arising out of or in connection with the present contract shall be finally settled under the Rules of Arbitration of the International Chamber of Commerce by one or more arbitrators appointed in accordance with the said Rules."
Parties may stipulate the law governing the contract, the number of arbitrators and the place and language of arbitration.
All are matters of choice for the parties themselves — and if they cannot agree, the ICC arbitration system will provide a solution in the interest of convenience and efficiency.
Failure to include an ICC arbitration clause in the original contract does not rule out ICC arbitration. That choice can be made at any time — but obviously, inclusion of the clause in the contract is advisable because it provides a sure path to follow in case of dispute.
Click here to download the full text of the standard clause in any one of the available languages or to get more information on ICC arbitration clause.
Click here if you need help for including ICC arbitration clause or combined clauses in your contract.
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